CryptoAce
Sat Jul 13 2024
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5 answers
1256
What are cryptocurrencies & their future impact?
Cryptocurrencies are digital forms of money, utilizing advanced cryptographic techniques to secure and validate transactions on a decentralized network, bypassing traditional banking and financial institutions. As we witness the rapid evolution of blockchain technology, the question arises: what are the potential future impacts of cryptocurrencies? Will they revolutionize the global financial system, providing unprecedented access to financial services? Or will they merely serve as speculative assets, prone to volatility and regulatory scrutiny? The answer lies in understanding the technology, its applications, and the evolving regulatory landscape. Join us as we delve into this fascinating topic and explore the potential implications of cryptocurrencies on our financial future.
SapphireRider
Thu Mar 28 2024
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7 answers
1635
What will happen when 100% of Bitcoin is mined?
I'm curious about the future of Bitcoin. Given that the total supply of Bitcoin is capped at 21 million coins, what will happen when 100% of those coins are mined? Will the value of Bitcoin skyrocket as demand continues to increase for a finite resource? Or will the market adjust and find a new equilibrium with the supply no longer increasing? What strategies should investors consider to prepare for this inevitable event? And what impact will it have on the cryptocurrency market as a whole?
